On 25 May 2021, the National Assembly of the Republic of Srpska approved an increase in the basic annual personal income tax allowance from BAM 6,000 to BAM 8,400. The annual allowance for family members is also increased from BAM 900 to 1,800. The increased allowances are meant to support economic recovery in light of COVID-19. In addition to the allowance increases, the National Assembly also…